Monday, April 22, 2024

Oil Deal

Date:

Share post:

IN A FEW MONTHS, drilling for oil and gas will commence off the shores of Barbados.

Yesterday the Black Belly Block located off the island’s West Coast was awarded to Spanish company Repsol S.A. as part of the Barbados Offshore Petroleum Programme, which was launched in 2007.

Jamar White, acting director of natural resources in the Ministry of Energy, revealed that in April last year BHP Billiton had been awarded the Carlisle Bay and Bimshire blocks to the south of the island and work was expected to start within the coming months.

“We are very close to having that work completed so that the company can begin its work in earnest in offshore Barbados.

“We are still moving ahead with that. We would have signed the exploration licence with that company last year and we are actually in the process now of finalising the environmental impact assessment,” White said. (LK)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Trump hush money trial was ‘election fraud pure and simple’, prosecutors say

Donald Trump “orchestrated a criminal scheme to corrupt the 2016 presidential election” by covering up an alleged affair...

Nicki Minaj throws item back into crowd after nearly getting hit by object onstage

Nicki Minaj was left unimpressed after a fan threw an object at her onstage. In a video shared by Pop Crave on...

Tesla cuts prices in major markets as sales fall

Tesla has cut its prices again in a number of major markets - including the US, China and...

Caribbean Export boosts businesses

BUSINESSES IN Barbados were among the beneficiaries as the Caribbean Export Development Agency, which is based here, facilitated...